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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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UPM, Sappi paper joint venture may lead to price hikes, EU regulators warn

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A proposed paper joint venture between Finnish forestry group UPM-Kymmene and South African-listed wood fibre producer Sappi may reduce competition and lead to price hikes, EU antitrust regulators warned on Tuesday as they opened an investigation into the deal. The move will likely require the companies to offer concessions such as asset sales to address the competition concerns.

South Africa film sets ditch diesel in green energy shift

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Solar panels are replacing diesel generators on some major film sets in South Africa, as streaming giants come under growing pressure to clean up one of the film industry's dirtiest habits - its addiction to diesel generators. Netflix shot the second season of its hit show "One Piece" in Cape Town, its biggest production in Africa to date and the first to be filmed using a solar-powered base camp for off-grid electricity during a shoot.

BMA names winning bidders for R12bn project to redevelop six ports of entry

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The Border Management Authority (BMA) has announced the winning bidders for the R12-billion redevelopment of its six busiest land border posts, confirming a mix of private sector partnerships that will drive the project. BMA commissioner and CEO Dr Michael Masiapato highlighted in an April 28 briefing that construction will be undertaken in phased programmes over two to three years.

World Bank warns largest energy price surge in four years will drive inflation

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Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, says international finance organisation the World Bank Group in its 'Commodity Markets Outlook' report. Overall commodity prices are forecast to rise by 16% in this year, driven by soaring energy and fertiliser prices and record-high prices for several key metals, the World Bank says.

Envusa Energy confirms supply of renewable energy to key mines

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Energy trader Envusa Energy last week inaugurated some of the renewable energy projects that make up its flagship 520 MW Koruson 2 (K2) Cluster in the Eastern Cape and Northern Cape, with power now being supplied to key mining players in the country. Envusa was established as a joint venture between global miner Anglo American and French group subsidiary EDF power solutions in 2022, to develop a large-scale renewable energy ecosystem with the capacity of between 3 GW and 5 GW of renewable energy by 2030.
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